Toronto Stocks Climb; AutoCanada Rises on iA Financial Investment
By Adriano Marchese
Stocks in Toronto were solidly higher in the first trading day in the shortened week following Christmas Day and Boxing Day in Canada.
Nearly all sectors were driving the increase in the session, led primarily by health tech, process industries and materials. Consumer durables was the only laggard of the session.
Canada's S&P/TSX Composite Index was up 0.75%, to 21038.23, and the blue-chip S&P/TSX 60 rose by 0.77, to 1268.65.
AutoCanada shares were 8.5%, to 23.11 Canadian dollars (US$17.51), after the company said it has received C$25 million from iA Financial Group for a 10% stake in its online unit that will sell finance, insurance and warranty products to buyers of private owner-sold vehicles on Kijiji's online marketplaces.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
December 27, 2023 12:15 ET (17:15 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
After Earnings, Is Alphabet Stock a Buy, a Sell, or Fairly Valued?
-
When Will the Fed Start Cutting Interest Rates?
-
What’s the Difference Between the CPI and PCE Indexes?
-
Powell Unfazed By Sticky Inflation, but Rate Cuts Are Far Off
-
After Earnings, Is Microsoft Stock a Buy, a Sell, or Fairly Valued?
-
Best- and Worst-Performing Stocks of April 2024
-
Magnificent 7 Stocks Earnings Updates: AI Remains the Focus
-
Small-Cap and Value Stocks Are Undervalued
-
4 Utility Stocks to Play the AI Data Center Boom
-
Albemarle Earnings: We Expect Improved Results In the Rest of Year Following Cyclically Low Profits
-
Novo Nordisk Earnings: Raised Fair Value Estimate Still a Contrast to Market Overenthusiasm
-
After Earnings, Is Verizon Stock a Buy, a Sell, or Fairly Valued?
-
Look Inside Berkshire Hathaway’s Portfolio Before Its Annual Meeting
-
How to Invest Like Warren Buffett
-
Cognizant Earnings: Improved Profitability Buttresses Results as Customer Spending Remains Muted
-
10 Top-Performing Dividend Stocks of the Month